Israel’s Fiverr, Hip Mobility ink M&As; echo3D, Futora raise funding

 Israel’s Fiverr, Hip Mobility ink M&As; echo3D, Futora raise funding

Fiverr, an Israeli company that connects freelance professionals to businesses, has acquired Seattle, US-based online learning company CreativeLive to offer education and training on its platform.

Fiverr said it will integrate its own three-year-old learning platform, Fiverr Learn, into CreativeLive. It didn’t disclose financial details of the deal.

CreativeLive will keep functioning as an independent organisation, and will continue to be led by founder and chief executive officer Chase Jarvis.

Founded in 2010, CreativeLive is an online platform that offers more than 2,000 classes in diverse categories such as design, photography, photo editing, marketing, creative writing, and social media. CreativeLive says that more than 10 million people have used the platform to acquire new skills for their career and hobbies. Courses are offered for a fee or as part of a subscription.

The acquisition marks Fiverr’s third takeover deal within a year. In August 2020, Fiverr acquired boutique digital marketing agency SLT Consulting, and in February 2021 it bought creative talent marketplace Working Not Working.

Fiverr was founded in 2010 and went public in 2019. The New York Stock Exchange-listed company has a market capitalisation of $6 billion.

Hip Mobility

Israeli company Hip Mobility, which offers a commuter shuttling platform, is acquiring its US competitor SummitQwest Ground.

The merged entity will be rebranded as HQ, and will be one of the biggest corporate ground transport services and booking provider in the world.

The merged entity will compete with Israeli company Gett, which itself is reportedly set to announce a $1.3 billion merger with a blank cheque company.

Hip co-founder and CEO Amiad Solomon will serve as HQ’s CEO. SummitQwest founder and CEO Jeff LaFave will continue as managing director of the SummitQuest business.

The merged entity will have several marquee clients including AIG, UBS and Goldman Sachs.

echo3D

Israeli augmented reality and virtual reality company echo3D has raised $4 million in a seed round led by Konvoy Ventures.

Space Capital LP, Remagine Ventures, and angel investors from Datadog, GitHub, and Facebook also pitched in.

The company, which helps developers create 3D games and apps, was founded in March 2018 and has 11,000 users on its platform.

The company says that developers using echo3D have built cloud-connected games, AR advertisement campaigns, and NFT marketplaces.

The company is headquartered in New York and says that its tools help manage, store and stream 3D content on mobiles, browsers, smart cameras, and game engineers.

Futora

Israeli fintech startup Futora has raised $6 million from investors including TAU Ventures, Tel-Aviv University’s investment fund, North First Ventures and J-Ventures.

Sergio Fogel, a fintech entrepreneur and co-founder of payment company dLocal, also invested in Futora, according to a report by Israeli news website Calcalist.

Futora was set up last year by Asaf Seri and Ayal Leibowitz. They founded Futora after selling fintech company Modelity Technologies to German company LPA.

Futora was originally called Modality Marketplace was part of Modelity Technologies before spinning off into a separate company. It will use the funds for product development and to expand in Europe and the US.

Aman Malik

The Capital Quest